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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (22471)	11/26/2004 1:39:13 AM
From: ild	Read Replies (1) \| Respond to of 110194

<<<CEF accepts delivery on the metal, GLD does not (from what I understand).>>> I thing you are wrong. As I understand HSBC keeps the gold. Heinz likes it: Message 20790811 From GLD prospectus: streettracksgoldshares.com The Custodian HSBC will serve as the Custodian of the Trust’s gold. ... THE CUSTODIAN'S ROLE The Custodian is responsible for safekeeping for the Trust gold deposited with it by Authorized Participants in connection with the creation of Baskets.

To: patron_anejo_por_favor who wrote (22471)	11/26/2004 8:14:43 AM
From: re3	Read Replies (1) \| Respond to of 110194

<<the main advantages CEF has is that it is comprised of about 30% silver. i thought it was basically 50/50 au/ag but i haven't checked this lately...if anyone has time i'd appreciate someone verifying this and posting the primo/discount :)thx

To: patron_anejo_por_favor who wrote (22471)	11/27/2004 6:11:02 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 110194

GLD definitely takes delivery and stores gold in HSBC warehouse in London. GLD also deals in futures because thats the way gold purchase and sales are made. Its impossible to transact as much gold as this ETF is doing without using futures. If CEF buys metal then they buy futures and take delivery too. I think we have similar positions holding both CEF and GLD. CEF looks like bent branch ready to launch imo (which I think the silver will do) GG is another one that is essentially a gold trust which looks good. A pure silver ETF would be nice... Gold carry trade on a short string. kitco.com M